# 409 S 7th Avenue, Iowa City, IA 52245

> **TL;DR:** 2bd/0ba residential multi family, $309,950 ($270/sqft), built 1992, 1,146 sqft.
> A/C. Est. $1,343/mo. Listed 55 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $309,950 |
| Price/sqft | $270 |
| Bedrooms | 2 |
| Square Feet | 1,146 |
| Year Built | 1992 |
| Lot Size | 828 sqft (0.02 acres) |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 55 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,343 |
| **Total** | **$1,343** |

## Nearby Schools

- **Elementary:** Longfellow
- **Middle:** Southeast
- **High:** City

## Key Amenities

- A/C

## Property Highlights

- Built in 1992
- 0.02 acre lot
- 3 parking spaces

## Description

### Agent Description
Welcome to this charming and well-located property in the heart of Iowa City right on a corner lot! This split-level home offers a unique investment or owner-occupant opportunity, currently split into two rentable units. A 2-bedroom 1-bathroom unit is located on the upper level. There is a one-bedroom/studio unit layout in the lower level. A one stall attached garage provides easy access to the lower-level unit, while the front door will easily take you to the upper unit. Each level has their own in-unit laundry and appliances. There is an additional one-stall garage that can be used as a workshop or storage unit, conveniently located on the neighboring lot with plenty of room for driveway parking and even gardening or entertaining with a spacious and manageable yard. Each unit is currently tenant occupied on a month-to-month lease, making this an excellent opportunity to expand your investment portfolio while making instant cash flow. This home can also easily be converted back into a home for owner occupancy. You could even live in one unit while renting out the other, making this versatile property full of potential! Just minutes from downtown, parks, and the University of Iowa, the location provides strong rental appeal with easy access to shopping, dining, and entertainment. Each unit offers comfortable living spaces, functional layouts, and great natural light, making it ideal for tenants or multi-generational living.

## Location

- **Address:** 409 S 7th Avenue, Iowa City, IA 52245
- **County:** Johnson
- **Coordinates:** 41.656519, -91.511778
- **Google Maps:** https://www.google.com/maps?q=41.656519,-91.511778

## Listing Agent

- **Name:** Mike Graf-Graf Home Selling Team
- **Brokerage:** GRAF REAL ESTATE, ERA POWERED
- **Phone:** (319) 981-3702
- **Email:** mike@ghst.com

## Primary Photo

![409 S 7th Avenue - Primary Photo](http://lh.rdcpix.com/2e0c885c5bc13ad77a972b080748c597l-f1641241014r.jpg)

*25 total photos available on [listing page](https://www.propertysimple.com/listing/409-s-7th-avenue-iowa-city-ia-52245-2602376)*

---

**MLS#:** 2602376 | **Updated:** 2026-06-19
**Source:** listhub

*Copyright © 2026 Cedar Rapids Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/409-s-7th-avenue-iowa-city-ia-52245-2602376)

---

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